
Innovation Accounting 101: Measuring Innovation Progress And Reporting on Innovation Investment-IHB23
- Governance
- Metrics & Accounting
- Portfolio Management
- IHB23 Content Bundle
Co-authors of The Corporate Startup & Innovation Accounting
For anyone leading and doing innovation in lare organizations, Innov8rs Community is the best support resource to learn new approaches, solve challenges and improve outcomes.
Innovation Coach & Founder at Kromatic
as recorded on 30 September 2021 as part of Innov8rs Connect on Governance, Portfolio Mgt & Program Mgt
You launched an innovation program.
You implemented metered funding.
Now what?
You need to measure the impact. Metered funding and an accelerator program should move the needle, but don’t forget to install the needle in the first place.
More importantly, an innovation program needs to be tailored to your organization’s unique challenges. An accelerator won’t fix everything, and a shark tank might cause more problems than it solves.
This workshop identified specific problems with your organization’s innovation ecosystem, what types of innovation programs can help, and how to measure their impact. We also shared the list of different approaches you can use in your company.
As a lean startup coach and founder of Kromatic, Tristan Kromer works with innovation teams and leaders to create amazing products and build startup ecosystems. He has worked with companies from early stage startups with zero revenue to enterprise companies with >$1B USD revenue (Unilever, Swisscom, Salesforce, Fujitsu, LinkedIn). With his remaining hours, Tristan volunteers his time with early stage startups and blogs at GrasshopperHerder.com.
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